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Deutsche Bank comments on Nio's (NIO) recent $2.2B investment deal
December 18, 2023 2:25 PM ESTDeutsche Bank reiterated a Buy rating on Nio Inc. (NYSE: NIO) Monday, with a 12-month price target of $11.00, after the Chinese electric automaker announced a $2.2 Billion investment deal with Abu Dhabi's CYVN Holdings.
Our initial view is this move eliminates the near-term overhang around capital runway given sheer size of the deal. Wrote Deutsche Bank analysts in a... More
XPeng (XPEV) to launch X9 model on January 1st
December 18, 2023 1:49 PM ESTChinese electric vehicle maker, XPeng (NYSE: XPEV) announced Monday that the automaker will officially launch its Ultra Smart Large 7-seat XPeng X9 EV model, based on SEPA2.0 architecture, on January 1st.
The all-new flagship model X9 showcases a starship-inspired body design, this vehicle boasts an... More
Nio (NIO) signs investment deal with Abu Dhabi’s CYVN Holdings
December 18, 2023 9:45 AM ESTChinese electric automaker, Nio (NYSE: NIO) announced Monday that they have signed a $2.2 billion investment agreement with Abu Dhabi-based CYVN Holdings.
The deal , which is set to be finalized in the last week of December, will raise CYVN's stake to 20.1% of Nio's overall... More
Nio (NIO) to bring Firefly brand to Europe in 2025
December 15, 2023 11:29 AM ESTLihong Qin, the president of Chinese electric vehicle (EV) maker, Nio (NYSE: NIO) announced Friday that the company plans to launch its cheaper Firefly brand in Europe in 2025.
During an online press conference, Qin mentioned that both Firefly and Alps brands will cater to family-oriented car models, with Firefly focusing on... More
XPeng’s (XPEV) G9 wins two titles at Denmark’s EV of the year 2024 awards
December 13, 2023 11:15 AM ESTChinese electric automaker, XPeng Inc. (NYSE: XPEV) announced Wednesday that the companys international version of its electric SUV, XPeng G9, has been awarded SUV of the Year and Family Car of the Year in Denmark Mobilsidens Electric Car of the Year 2024... More
Popular stocks with increasing volume: PFE NIO SIRI AMC SOFI JBLU AVGO BAC BABA LYFT
December 13, 2023 4:44 AM ESTPopular stocks with increasing volume: PFE NIO SIRI AMC SOFI JBLU AVGO BAC BABA LYFT
... MoreAlibaba (BABA) lowers stake in XPeng (XPEV)
December 12, 2023 4:07 PM EST(Updated - December 12, 2023 4:09 PM EST)
Alibaba (NYSE: BABA) reported a 12.5% stake in XPeng (NYSE: XPEV) as of December 6th, 2023. The ecommerce giant previously had a 19% stake in the EV maker, as of August 2020 filing.
... MoreActive options: GOOGL PFE M NIO PLTR INTC AVGO META AFRM MARA BAC GOOG
December 12, 2023 10:05 AM ESTActive options: GOOGL PFE M NIO PLTR INTC AVGO META AFRM MARA BAC GOOG
... More